Section 71. Calculation of dividends

71. Calculation of dividends.-- (1) In the calculation and distribution of dividends, the official assignee shall retain[4] [in his hands] sufficient assets to meet— (a) debts provable in insolvency and appearing from the insolvent's statements or otherwise to be due to persons resident in places so distant that in the ordinary course of communication they have not had sufficient time to tender their proofs; (b) debts provable in insolvency the subject of claims not yet determined; (c) disputed proofs or claims; and